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The failure to secure an explosives permit had led to an update from Fresnillo producing a wimper rather than a bang.

A ban on explosives at its Minera Penmont goldmine in Mexico has crippled production since October. The company is waiting for a ruling on complaints from the local collectivised rural community group, or ejido.

Shares in the company dipped 24p, or 3 per cent, to 751p yesterday, making it the biggest faller in the FTSE 100.

Octavio Alvídrez, the chief executive, said: “We are disappointed that we don’t yet have a confirmation from the district court hearing on Friday